Doh, actually just checked my electronic portfolio statement and...

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gj0201

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10/08/19

12:25

Post #: 39950271
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Originally posted by gj0201 ↑

CLY; I have a few of these tucked away in a bottom draw & not really sure of status. Can anyone update status particularly with refe to teh following;

-Consolidation; understand it was approx. 25;1. Have s/h been informed yet? Worth noting it last traded at $0.001 so 25;1 gives a potential price of 2.5c

-I note Clancy Exploration Deferred Settlement (CLYDA); is now trading; I assume that’s our new share descriptor until a certain date??? On Friday CLYDA traded up 3.1c (155%) to 5.1c

-The new name is to be Sagon Resources Ltd; when does the change happen?
Note from the CLY website http://www.clancyexploration.com/investor-centre/ Sagon Resources Ltd (formerly ‘Clancy Exploration Ltd’ (ASX:CLY) (“the Company” is pleased to advise that it has successfully completed due diligence in relation to RareX Pty Ltd (“RareX” and the Cummins Range Rare Earths Project (“Cummins Range” or “the Project”.

-Cly announced the option to purchase RareX Pty Ltd (“RareX” and the Cummins Range on 2/8/19.

-All seems very strange that the co hardly trades for 6 mths; hangs around $0.001, a slight flurry with trading halt, consolidation, option to purchase and price goes up 155%. Anyone add to the story? Where is the status described by the Company?

Reinforces that the ASX is a plaything for those in the know.

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Doh, actually just checked my electronic portfolio statement and sure enough showing 0 CLY shares and 1/25th the no of CLYDA ... taht makes sense.

CLY Price at posting: 0.1¢ Sentiment: None Disclosure: Held
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0 Great analysis

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